Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Thermo Fisher Scientific Inc shares valued at $175,677 were sold by Pettiti Gianluca on Feb 04 ’25. At $585.59 per share, Pettiti Gianluca sold 300 shares. The insider’s holdings dropped to 16,363 shares worth approximately $9.53 million following the completion of this transaction.
Also, Williamson Stephen sold 9,825 shares, netting a total of over 5,827,502 in proceeds. Following the sale of shares at $593.13 each, the insider now holds 27,296 shares.
Before that, Williamson Stephen had sold 9,825 shares from its account. In a trade valued at $5,753,422, the Sr. VP and CFO traded Thermo Fisher Scientific Inc shares for $585.59 each. Upon closing the transaction, the insider’s holdings decreased to 9,825 shares, worth approximately $15.9 million.
As published in a research note from Bernstein on January 10, 2025, Thermo Fisher Scientific Inc [TMO] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $630. Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in late December. As of October 14, 2024, Redburn Atlantic has initiated its “Buy” rating for TMO. Earlier on October 01, 2024, Stephens initiated its rating. Their recommendation was “an Overweight” for TMO stock.
Analyzing TMO Stock Performance
During the last five days, there has been a surge of approximately 2.49%. Over the course of the year, Thermo Fisher Scientific Inc shares have jumped approximately 11.95%. Shares of the company reached a 52-week high of $610.97 on 01/30/25 and a 52-week low of $518.09 on 01/02/25. A 50-day SMA is recorded $543.56, while a 200-day SMA reached $571.05. Nevertheless, trading volume fell to 1.34 million shares from 2.1 million shares the previous day.
Support And Resistance Levels for Thermo Fisher Scientific Inc (TMO)
According to the 24-hour chart, there is a support level at 576.82, which, if violated, would cause prices to drop to 571.27. In the upper region, resistance lies at 589.01. The next price resistance is at 595.65. RSI (Relative Strength Index) is 58.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.85, which suggests the price will increase in the coming days. Percent R is at 44.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
